Dexus Wholesale Property Fund (“DWPF” or “the Fund”) today announced it has reached conditional agreement for the sale of Deepwater Plaza in Woy Woy for $112 million. Deepwater Plaza sold by Simon Rooney, CBRE’s Head of Retail Capital Markets – Pacific.
Dexus Wholesale Property Fund (“DWPF” or “the Fund”) today announced it has reached conditional agreement for the sale of Deepwater Plaza in Woy Woy for $112 million. On settlement, this transaction completes the sale of three sub-regional shopping centres for the Fund.
The sales include:
DWPF Fund Manager, Michael Sheffield said: “The divestments of these assets continues the implementation of the Fund’s strategy to hold larger regional retail assets.”
Deepwater Plaza, New South Wales is the only sub-regional centre of its size on the Central Coast of NSW. With more than 15,000 square metres of retail space, the centre is home to Coles, Kmart, Best & Less, Service NSW and more than 45 specialty stores.
Beenleigh Marketplace, Queensland is a well-established sub-regional Shopping Centre, strategically positioned within the Beenleigh town centre next to key transport links with more than 20,000 square metres of retail space. The Centre is anchored by Big W and Woolworths as well as more than 50 speciality stores.
Shepparton Marketplace, Victoria is a single level sub-regional shopping centre located in the heart of the Goulburn Valley, approximately 200km north of Melbourne. Anchored by Woolworths and Big W and supported by 33 specialty and service stores, Shepparton Marketplace is the largest, fully enclosed shopping precinct within Shepparton with more than 14,500 square metres of retail space.
To request a sales analysis please contact the selling agent Simon Rooney, CBRE’s Head of Retail Capital Markets – Pacific, via the below contact details.
Related Reading:
Beenleigh Marketplace has been exchanged for $85.0 million.
Shepparton Marketplace has sold for $88.1 million.
Click here to view other recent transactions.
Dexus Deepwater Plaza Woy Woy sold for $112 million by CBRE